Steamboat, other mountain communities yield strong winter tax revenues | SteamboatToday.com
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Steamboat, other mountain communities yield strong winter tax revenues

— The city of Steamboat Springs in February again saw a strong month of sales tax revenues.

Despite challenging snow conditions at Steamboat Ski Area, sales tax revenues were 9.92 percent higher in February compared to February 2014.

In February, $2,184,241 was collected compared to $1,987,128 in February 2014.



So far, it appears the city had a strong winter, with an 8.48 percent increase in revenues in December and a 6.01 percent increase in January, when the ski area received a record low amount of snow with 11.75 inches.

When broken down by category, lodging and amenities saw the biggest increase in February. Revenues were $595,973, an increase of 18.4 percent over February 2014.



Miscellaneous retail saw a 7.98 percent increase with $739,694 in tax revenues. Restaurants were also strong with a 10.12 percent increase, bringing in $400,147. Sporting goods saw a 8.75 percent increase with $199,186, and liquor stores were up 7.68 percent with $73,302 in revenues.

By area, the mountain area saw the biggest gains with a 15.46 increase over February 2014 with $836,317 in revenues.

Air service sales tax revenues were up 9.92 percent in February and are up 8.06 percent year-to-date.

The city also tracks sales tax revenues in nine other Colorado mountain communities. All the communities have had a strong winter with increases across the board compared to 2014 and 2013.

For December, January and February, Frisco saw increases in excess of 20 percent. In February, they were up 29.29 percent.

In February, Aspen saw a 13.7 percent increase. Telluride saw a 20.04 percent increase. Winter Park was up 10.24 percent, and Breckenridge was up 13.7 percent.

Vail saw some of the weakest increases in revenues, with a 4.26 percent increase in January and a 1.33 percent increase in February. Vail had a strong December with a 11.57 percent increase.

To reach Matt Stensland, call 970-871-4247, email mstensland@SteamboatToday.com or follow him on Twitter @SBTStensland


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